Mitsubishi UFJ Financial : Notice Regarding Progress on Repurchase of Common Stock
March 01, 2024 at 06:12 am EST
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Mitsubishi UFJ Financial Group, Inc. (MUFG)
Notice Regarding Progress on Repurchase of Common Stock
(Repurchase of common stock pursuant to the provisions of Article 156, Paragraph 1 of
the Companies Act, in accordance with the provisions of Article 459, Paragraph 1,
Item 1 of the Companies Act and MUFG's Articles of Incorporation)
Tokyo, March 1, 2024 --- MUFG today announced the progress on repurchase of its common stock pursuant to the provisions of Article 156, Paragraph 1 of the Companies Act of Japan and in accordance with the provisions of Article 459, Paragraph 1, Item 1 of the Companies Act and Article 44 of the Articles of Incorporation of MUFG.
(1)
Stock repurchased
MUFG common stock
(2)
Aggregate shares
53,485,700 shares
repurchased
(3)
Aggregate amount of
¥ 76,438,043,819
repurchase price
(4)
Repurchase period
From February 1, 2024 to February 29, 2024
(5)
Repurchase method
Market purchases on the Tokyo Stock Exchange
(Reference)
Outline of the resolution with respect to repurchase of common stock at a meeting of Board of Directors held on November 14, 2023
(1)
Stock to be repurchased
MUFG common stock
(2)
Aggregate shares to be
Up to 400,000,000 shares (3.31% of total shares
repurchased
outstanding excluding treasury stock)
(3)
Aggregate amount of
Up to ¥400,000,000,000
repurchase price
(4)
Repurchase period
From November 15, 2023 to May 31, 2024
(5)
Repurchase method
Market purchases on the Tokyo Stock Exchange
Cumulative progress on stock repurchase until February 29, 2024 pursuant to the above resolution
(1)
Accumulated shares
255,724,900 shares
repurchased
(2)
Accumulated amount of
¥ 329,990,904,799
repurchase price
- End -
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About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,000 locations in more than 40 countries. The Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to "be the world's most trusted financial group" through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.
This notice contains forward-looking statements regarding estimates, forecasts, etc. in relation to the results of operations, financial conditions and other general management of MUFG and/or the group as a whole (the "forward-looking statements"). The forward-looking statements are made based upon, among other things, MUFG's current estimates, perceptions and evaluations. In addition, in order for MUFG to adopt such estimates, forecasts, etc. regarding future events, certain assumptions have been made. Accordingly, the statements and assumptions are inherently not guarantees of future performance and may result in inaccuracy from an objective point of view and in material differences from actual results. There exist a number of factors that might lead to uncertainties and risks. For the main matters that may be currently forecast, please see the most recent Financial Highlights, the Annual Securities Report, Disclosure Book, Annual Report, and other disclosures that MUFG has announced.
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Mitsubishi UFJ Financial Group Inc. published this content on
01 March 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
01 March 2024 11:12:36 UTC.
Mitsubishi UFJ Financial Group is one of the Japanese largest banking groups. Income breaks down by activity as follows:
- retail and commercial banking (51.9%);
- corporate and investment banking (28.3%);
- market banking (10.5%);
- financial asset management (8.6%);
- other (0.7%).
At the end of March 2022, the group managed JPY 215,427.3 billion of current deposits and JPY 110,426.2 billion of current loans.
Income breaks down geographically as follows: Japan (55%), Asia/Pacific (24.8%), the United States (12.8%), Europe (1.7%) and other (5.7%).